Safe as Houses?: A Historical Analysis of Property Prices

Category: Economics
Author: Neil Monnery
4.8
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Comments

by JumpCrisscross   2019-01-08
> Why do you say homeowning was the path to wealth?

Americans are terrible savers. Mortgages force people to save. And while houses aren’t a great savings vehicle, they do—on average, in industrialised societies—appreciate alongside inflation [1].

Buying a house won’t make one wealthy. But it will force good habits that tend to make one wealthier.

[1] https://www.amazon.com/Safe-Houses-Historical-Analysis-Prope...